U.S. Stock Futures Rise with S&P 500 +1.2%, Nasdaq +1.5% After Trump's Temporary Tech Tariff Exemption; Nikkei Up Over 2%

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Updated Apr 14, 2025, 02:02 AM

U.S. stock futures rose following President Donald Trump's announcement of a temporary exemption from tariffs on key technology products, including smartphones, computers, and semiconductors. The move provided a brief respite to markets that have been volatile due to ongoing trade tensions. The Dow Jones Industrial Average futures saw significant gains, with the S&P 500 futures up 1.2% and Nasdaq futures up 1.5%. This positive reaction came despite mixed signals from the Trump administration, as Commerce Secretary Howard Lutnick later clarified that the exemptions were not permanent, adding to the uncertainty. The products were still subject to the existing 20% Fentanyl Tariffs but in a different category. In Asia, markets responded positively to the news, with Japan's stock futures climbing and Asian technology stocks rising. The Nikkei 225 futures were up over 2%, and the Hang Seng futures also pointed to higher openings, reflecting cautious optimism among investors. However, gains were tempered by President Trump's subsequent comments downplaying the reprieve. The temporary tariff relief on tech products is part of broader trade negotiations, with several countries in the region, including Japan, preparing for talks with the U.S. this week. Specific stocks like Nvidia (NVDA) rose 3.6%, Apple (AAPL) increased by 6.3%, and Taiwan Semiconductor Manufacturing Company (TSM) was up 4.7%.

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#Donald Trump #Dow Jones Industrial Average #Nasdaq #Trump #Howard Lutnick #Fentanyl Tariffs #Asia #Japan #Asian #Nikkei #Hang Seng #Nvidia #NVDA #Apple #AAPL #Taiwan Semiconductor Manufacturing Company #TSM

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Sources

bloomberg.com(3)cnbc.com(2)marketwatch.com(2)cnbctv18.com

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📈 US Stock Futures Edge Higher as Markets React to Tariff Exemptions Wall Street futures climbed Sunday after President Trump temporarily excluded key tech products — including smartphones, computers, and semiconductors — from new reciprocal tariffs. S&P 500 futures rose 0.6% https://t.co/igDnlq36i6